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720719 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.15BRnk 1079 / 4644
2023
Top Exporter | Top ImporterfalseN/A | Saudi Arabia
2023
Product Complexity -1.12Rnk 3928 / 4656
2022 - 2023
Export Growth (CAGR) -24.6%Rnk 3983 / 4644
2023
Share of World Trade 0.014%Rnk 1079 / 4644

About

Overview This page contains the latest trade data of Semi-finished product, iron or non-alloy steel <0.25%C, nes. In 2023, Semi-finished product, iron or non-alloy steel <0.25%C, nes were the world's 1079th most traded product, with a total trade of $3.15B. Between 2022 and 2023 the exports of Semi-finished product, iron or non-alloy steel <0.25%C, nes decreased by -24.6%, from $4.17B to $3.15B. Trade in Semi-finished product, iron or non-alloy steel <0.25%C, nes represent 0.014% of total world trade.

Semi-finished product, iron or non-alloy steel <0.25%C, nes are a part of Semi-Finished Iron.

Exports In 2023 the top exporters of Semi-finished product, iron or non-alloy steel <0.25%C, nes  were N/A.

Imports In 2023 the top importers of Semi-finished product, iron or non-alloy steel <0.25%C, nes were Saudi Arabia ($611M), Indonesia ($504M), Egypt ($457M), United Arab Emirates ($218M), and Tunisia ($187M).

Ranking Semi-finished product, iron or non-alloy steel <0.25%C, nes ranks 3928th in the Product Complexity Index (PCI).

Description Semi-finished product, iron or non-alloy steel <0.25%c, are used for a variety of things. Iron and non-alloy steel <0.25%c, are used in the production of machinery, automobiles, and electrical appliances. Iron and non-alloy steel <0.25%c, are also used in the production of tools, appliances, and construction equipment.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Semi-finished product, iron or non-alloy steel <0.25%C, nes. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Destination (2023)Saudi Arabia$611M

In 2023 Semi-finished product, iron or non-alloy steel <0.25%C, nes were the world's 1079th most traded product (out of 4,644).

In 2023, the top importers of Semi-finished product, iron or non-alloy steel <0.25%C, nes were Saudi Arabia ($611M), Indonesia ($504M), Egypt ($457M), United Arab Emirates ($218M), and Tunisia ($187M).

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Exporters of Semi-finished product, iron or non-alloy steel <0.25%C, nes (2023)
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Importers of Semi-finished product, iron or non-alloy steel <0.25%C, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Russia$88.8M
Top Destination Growth (2022 -  2023)Canada$61.7M

Between 2022 and 2023, the exports of Semi-finished product, iron or non-alloy steel <0.25%C, nes grew the fastest in Russia ($88.8M), China ($70.5M), Romania ($38.9M), Bahrain ($34M), and South Africa ($23.6M).

Between 2022 and 2023, the fastest growing importers of Semi-finished product, iron or non-alloy steel <0.25%C, nes were Canada ($61.7M), Guatemala ($34.4M), India ($25.3M), Palestine ($7.71M), and Cote d'Ivoire ($6.33M).

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Exporters of Semi-finished product, iron or non-alloy steel <0.25%C, nes (2022 - 2023)

Importers of Semi-finished product, iron or non-alloy steel <0.25%C, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Semi-finished product, iron or non-alloy steel <0.25%C, nes.

In 2023, market concentration measured using Shannon Entropy, was 3.55. This means that most of the exports of Semi-finished product, iron or non-alloy steel <0.25%C, nes are explained by 11 countries.

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Value of Exports in Semi-finished product, iron or non-alloy steel <0.25%C, nes

Net Trade

TOP NET EXPORTER (2023)Oman$1.03B
TOP NET IMPORTER (2023)Saudi Arabia$563M

This map shows which countries export or import more of Semi-finished product, iron or non-alloy steel <0.25%C, nes. Each country is colored based on the difference in exports and imports of Semi-finished product, iron or non-alloy steel <0.25%C, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Semi-finished product, iron or non-alloy steel <0.25%C, nes were Oman ($1.03B), Russia ($555M), India ($403M), South Africa ($152M), and China ($114M).

In 2023, the countries that had a largest trade value in imports than in exports of Semi-finished product, iron or non-alloy steel <0.25%C, nes were Saudi Arabia ($563M), Indonesia ($455M), Egypt ($448M), United Arab Emirates ($165M), and Chinese Taipei ($146M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Semi-finished product, iron or non-alloy steel <0.25%C, nes.
It is possible to select the main countries that export or import Semi-finished product, iron or non-alloy steel <0.25%C, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Semi-finished product, iron or non-alloy steel <0.25%C, nes by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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